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domain name extensions that are tied to the blockchain…Unstoppable Domains Presentation… instead of being connected to the dns system specifically you can get a dot crypto which is connected to the ethereum blockchain or you can get a zillow domain extension which is connected to the silica blockchain which is an alternative to ethereum the advantage of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run by icann so anything constantly requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or consent you as the owner own your domain so in this video i wish to describe to you whatever that you require to know as a newbie about unstoppable domain names make certain to examine the links in the description for time stamps and any resources pointed out in this video so let’s begin how does domain registration actually work i think

people are going to be quite surprised that it’s way more complex and technical than you envisioned so when you go to somewhere like namecheap.com or godaddy.com you’re not actually buying the domain name what you’re doing is you’re releasing the domain name through a icann licensed domain register why do i state i can accredit since you can’t get your domain straight from i can which is again the nonprofit organization that handles the dns system you need to go through an icann certified domain name register in order to get a domain name which’s simply how it works like you resemble why do i need to do that i don’t know why asking me those are just the guidelines which’s what people have been doing for the last couple of decades in order to get a domain so that’s why you need to pay an annual charge on your domain since you’re not really purchasing an owning domain what you’re doing is leasing their domain name so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the windows registry that handles that domain name extension which is then totally handled and organized by icann broadly speaking so like when you get it.com.net.org the computer system registry for that extension

Is unstoppable domains on Ethereum? Unstoppable Domains Presentation

is a verisign for instance so all these various domain extensions have various computer registries and the role of the registry is just to handle the administrative data for that specific domain name nft domain names versus the traditional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain pc registries then you have your icann certified domain name registrars nfts by contrast are non-fungible tokens non-fungal significance like you can’t jump in and change it but like what does that specifically mean a non-fungible token is just a piece of information discovered on a blockchain that is verifiable and represents a distinct digital item in this circumstances our domain dot crypto versus dot zill what’s the difference with these two so if you leap over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you must already kind of know why because those are managed by verisign which is a domain name computer system registry which is handled by icann that becomes part of the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can only get blockchain based domain names right now they just have a dot crypto in dot zo at the time of recording this video the primary difference is that these 2 are connected to different block chains that’s it so you have Unstoppable Domains Presentation

 

your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more functions and services built around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill but functionally speaking they are the same tailored crypto addresses that can be established as a payment entrance so this is the primary feature of unstoppable domain undoubtedly in time as like we have actually decentralized web host develop over time it will be possible to utilize like a decentralized domain name and a decentralized webhosting to produce your own decentralized website presently it’s not truly possible i indicate you can do it however it’s pretty technical uh.

Pros.

One-time purchase of domain.

Simplifies way in which individuals communicate with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than conventional domains.

Supports 276 crypto properties.

Cons.

Need to invest ETH to claim domain.

Still some question regarding whether Unstoppable Domains will attain widespread adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the present CEO, who saw a requirement for it to be easier for users to communicate with crypto addresses. The aim of Unstoppable Domains is to be like the DNS system that came into place, so users did not have to learn IP addresses in order to get to sites, except for crypto addresses.

In this way they have actually prospered considerably, as they have actually developed a domain system that allows users to set up payments for 276 digital properties under a single domain name, while also being able to be utilized as a totally functioning website that can even have actually dApps built onto them due to the fact that the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an interesting tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is incredibly safe because as soon as declared the domains exist under your address on blockchain, indicating they are as safe and secure as the blockchain itself.

It is two times as safe since this likewise means that the domain can not be obstructed by anyone aside from you, so your site is never at risk of being down due to censorship. The website for acquiring the domains is safe too and can be secured with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 main factors, though it must be noted that acquiring a domain is a one-time cost and needs no yearly renewals of any sort.

The first element is the expense of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain name, with shorter domains costing extra. In addition, there are superior domains that cost 10s of thousands.

The next aspect is the gas fees connected with using the Ethereum blockchain to declare your domain, since the domains are saved on the Ethereum blockchain, the transaction to claim them is available in ETH and is not included in your initial purchase. The gas charges you will pay will depend on the existing cost of ETH and the network congestion at the time of the transaction. In general you can get most likely yourself a cheap.crypto domain and claim it for under $50 overall.

What Are the very best Features of Unstoppable Domains?

There are a few functions of Unstoppable Domains that stick out. The fact that it is a one-time purchase with no yearly renewal is very appealing considering the way conventional domain ownership works, and in addition, the domain is censor resistant, indicating it can not be removed by anybody aside from the owner.

The domains likewise have more performance than standard domains because they can be utilized to a payment router, however likewise used to create sites with dApps built directly on them due to the fact that they exist on the blockchain, allowing the use of smart contracts on your site. Unstoppable Domains Presentation

Maybe the very best and most enticing feature of Unstoppable Domains is that is supplies you a way to have one address for you to get 276 various crypto possessions, suggesting once you set it up you will only ever need to know your domain and your payments will be routed to the wallets you established for each cryptocurrency. It is much easier not just for you, but for anybody who you wish to receive funds from.

 

Possible Dealbreakers.

There is only one genuine prospective dealbreaker when it pertains to utilizing Unstoppable Domains, which is the cost of declaring your domain with Ethereum.

This may just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to acquire some in order to declare your domain, or if for some reason you believe it is unreasonable to pay the gas charges. This is a one-time transaction cost, and unless you choose to sell/transfer your domain to someone else it will be the additional cost associated with getting your domain.